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Tweet Wal-Mart is opening up a mini-version of its Supercenters in in-fill markets in Southern California. It has signed a lease to take over a former 75,000SF Mervyn’s. The typical Supercenter is 150K+ SF. The company is also testing even smaller-format 10-20K sites in various parts of the country. The decision to “downsize” in in-fill […]

Tweet The 365,000 square foot Fremont warehouse which served as a distribution center for Mervyn’s, has reportedly been sold. We previously reported on the availability of the warehouse space back in February of ’09. The property is 365,000 square feet and sits on about 31.5 acres. It was reportedly sold for about $13M to Global […]

Tweet Mervyn’s former HQ building is being sold off by a receiver. The receiver has hired HFF to market and sell the asset. The receiver is John Connolly Partners. Globe St. has a write up on the 336,000 square foot project, which sold for some $196 psf in 2007 based upon a long term lease […]

Tweet The mortgage on Southland Mall, the General Growth (GGP: 29.025 -0.70%) owned mall in Hayward, have been transferred to a special servicer according to rating agency Standard & Poor’s. General Growth had an $81.3M loan on the mall that matured March 1st, a loan which General Growth indicated it could not service. The mall […]

Tweet The former Mervyn’s distribution facility in Fremont has been put up for sale, or lease. The asset is approximately 365K SF, and sits on a 31.5 acre parcel. There is approximately 26K SF of Office, with the balance 25′-32′ clear height warehouse was was built in 1990. The address is 48200 Fremont Blvd. The […]

Tweet With no more fight left in it, Hayward-based Mervyn’s has decided to shut its doors for good. The retailer will be closing all of its approximately 150 stores. In Northern California, Mervyn’s has more than 3,000 employees. Locally, Mervyn’s has a retail presence in San Jose, Milpitas, Campbell, Morgan Hill, Santa Clara, Fremont, Cupertino, Mountain […]

Tweet Mervyn’s, which is headquartered in Hayward, CA, has filed for Chapter 11 Bankruptcy. Under Chapter 11, the debtor (Mervyn’s) can continue to operate while it works out a plan to pay its debts and sort through its financing. It’s supposedly working on a finance package being arranged through Wachovia which would allow it to […]

Tweet Mervyn’s is at risk of becoming the next retailer forced to file for bankrupty. Coming on the heels of Linens & Things, and Sharper Image bankruptcies, Mervyn’s represents another retailer with a significant west coast footprint. Mervyn’s was purchased by PE firms about four years ago from Target Corporation for $1.2B. Similar in nature […]